USDX continues rallying above the 200 SMA on the H1 chart, and the bullish consolidation is still in place. The next resistance lies around the 96.60 level, where a breakout should happen for another advance to the 97.19 level, where a pullback would perform a corrective move. The moving average mentioned above is slightly bullish, but the MACD indicator remains in negative territory, pointing to a correction.
H1 chart's resistance levels: 96.60 / 97.19
H1 chart's support levels: 95.89 / 95.20
Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bullish candlestick; the resistance level is at 96.60, take profit is at 97.19, and stop loss is at 96.00.
